Merlin Entertainments plc Completion of bank refinancing (3733L)
April 19 2018 - 6:30AM
UK Regulatory
TIDMMERL
RNS Number : 3733L
Merlin Entertainments plc
19 April 2018
Merlin Entertainments plc
Announcement regarding bank facilities
19 April 2018
Merlin Entertainments plc ("Merlin") today announces that it has
successfully completed the refinancing of certain of its banking
facilities.
Specifically, its revolving multi-currency credit facility has
been increased from GBP300 million to GBP600 million with the
repayment date extended to April 2023. GBP294 million equivalent
has been drawn down from this facility and, along with cash on the
balance sheet, used to repay GBP377 million equivalent of sterling
and US dollar-denominated term loans.
Following this transaction therefore, Merlin's facilities are as
follows:
-- $311 million term loan maturing in March 2020 (previously $540 million)
-- GBP43 million term loan maturing in March 2020 (previously GBP250 million)
-- GBP600 million multi-currency revolving credit facility
maturing in April 2023, of which GBP294 million is drawn
(previously GBP300 million facility maturing in March 2020 with GBP
nil drawn)
-- EUR700 million of notes maturing in March 2022 (unchanged)
Merlin continues to expect a financing charge of approximately
GBP50 million in 2018.
For enquiries please contact:
Investors
Simon Whittington +44 (0)1202 493 011
Media
James Crampton +44 (0)1202 493 014
Brunswick
Fiona Micallef-Eynaud / Imran
Jina +44 (0)20 7404 5959
About Merlin Entertainments plc
Merlin Entertainments plc is a global leader in location based,
family entertainment. As Europe's Number 1 and the world's
second-largest visitor attraction operator, Merlin now operates
over 120 attractions, 15 hotels and 6 holiday villages in 25
countries and across 4 continents. The company aims to deliver
memorable experiences to its more than 65 million visitors
worldwide, through its iconic global and local brands, and the
commitment and passion of its c.29,000 employees (peak season).
Visit www.merlinentertainments.biz for more information.
This information is provided by RNS
The company news service from the London Stock Exchange
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